FBS vs Oanda
FBS Review 2023 | OANDA Review 2023 |
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4.3
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4.3
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FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has clients in over 190 countries, attracted by a diverse range of markets, the reputable MetaTrader platforms, plus trading promotions. |
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO. |
Bonus Offer | |
$100 welcome bonus (only available in certain regions) | |
Promotions | |
Comment by Reviewer | |
"FBS is a great choice for traders of all experience levels and budgets with a range of account types and access to both MetaTrader 4 and MetaTrader 5." | "OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, forex, indices, shares, commodities, cryptocurrencies | Stocks, Spreadbetting, CFD, Forex, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $0 |
Regulator | |
ASIC, CySEC, IFSC, FSCA | FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2% | |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
DMA Account | |
No | No |
MAM Account | |
Yes | No |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | OANDA Trade, MT4 |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
MT4 & MT5 | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Go long or short on an excellent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with fast execution, floating spreads from 1 pip and around the clock customer support. | Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader. |
Leverage | |
1:30 (EU & Restricted Countries), 1:3000 (Global) | 1:30 |
FTSE Spread | |
From 0.0 | 1.0 |
GBPUSD Spread | |
From 0.6 | 1.4 |
Oil Spread | |
From 0.0 | 3.0 |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
Trade 40+ popular majors, minors and exotics with tight spreads. FBS also offers an excellent suite of forex market research and education, including news, courses, and daily analysis. | OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms. |
Forex App | |
The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores. |
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GBPUSD Spread | |
From 0.6 | 1.4 |
EURUSD Spread | |
From 0.5 | 0.8 |
EURGBP Spread | |
From 2.1 | 0.9 |
Assets | |
44 | 68 |
Cryptocurrency | |
FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of 60+ pairs are available, including BTC/USD and BTC/XAU. There is also a dedicated crypto account. | OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free. |
Spread | |
Floating | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
FBS vs |
OANDA vs |